CLP®中電 2019 年報 股份代號 : 00002 | --- | |-------------------------------------------------------------| | | | 歡迎閱覽中電的 2019 年報。近 120 年來，我們一直為香港的蓬勃 | | 發展灌注源源動力，並在亞太區多個市場建立了鞏固的業務根基。 | | 正當能源的未來成為大眾熱烈討論的議題之際，這份年報正好 | | 回顧過去一年，中電所定的目標、取得的成果和肩負的責任。 | 中電控股 2019 年報 1 能源轉型的浪潮席捲全球，作為區內最大獨立能源供應商之一，中電積極走在變革 的最前。如報告封面所展示，我們正透過減碳及數碼化，致力轉型為「新世代的 公用事業」。 就我們的願景、業務策略和發展進度，與投資者、客戶及所有其他持份者進行清晰 和有效的溝通十分重要。因此，本年報旨在清楚全面介紹及解釋中電的營運和財務 表現，以及我們在環境、社會及管治方面的成績。 一如既往，年報繼續奉行綜合匯報形式，根據國際整合性報導委員會（International Integrated Reporting Council）的匯報指 ...

Financial Performance - Operating profit decreased by 30.6% to HKD 5,474 million, reflecting the impact of reduced permitted return rates in Hong Kong and challenges in the Australian market [2]. - Total profit recorded a loss of HKD 907 million after accounting for a goodwill impairment of HKD 6,381 million related to EnergyAustralia's retail business [3]. - The total revenue for the first half of 2019 was HKD 43,838 million, down from HKD 46,464 million in the same period of 2018, representing a decrease of 5.7% [3]. - Cash inflow from operating activities was HKD 5,991 million, down 36.1% from HKD 9,382 million in the previous year [3]. - The net debt to total capital ratio increased to 28.1% from 25.5% in the previous year [3]. - EBITDAF for the same period was HKD 11,531 million, down 19.0% from HKD 14,243 million year-on-year [14]. - Consolidated EBITDAF was HKD 12,871 million, a decrease of 16.3% from HKD 15,386 million in the prior year [14]. - The company reported a loss attributable to shareholders of HKD 907 million, compared to a profit of HKD 7,436 million in the previous year [14]. - Revenue for the six months ended June 30, 2019, was HKD 43,838 million, a decrease of 5.5% compared to HKD 46,464 million in 2018 [99]. - Operating profit for the same period was HKD 483 million, significantly down from HKD 9,914 million in 2018, representing a decline of 95.1% [99]. - The net loss attributable to shareholders was HKD 907 million, compared to a profit of HKD 7,436 million in the previous year [99]. - The total comprehensive income for the period was HKD 177 million, a decrease from HKD 5,795 million in 2018 [100]. Dividends and Shareholder Returns - The interim dividend for the first and second periods increased to HKD 0.63 per share, up 3.3% from HKD 0.61 in the previous year [4]. - The company declared an interim dividend of HKD 0.63 per share for the six months ended June 30, 2019, compared to HKD 0.61 per share in the previous year [124]. - The first interim dividend of HKD 0.63 per share was distributed on June 14, 2019, representing a 3.3% increase compared to the same period in 2018 [74]. Investments and Development Plans - The company plans to invest HKD 52.9 billion in the development plan from 2018 to 2023 to ensure sufficient energy supply in Hong Kong [4]. - The company is expanding gas-fired power generation capacity and increasing natural gas supply sources through modern facilities and a new LNG receiving station project [4]. - The company is focused on expanding its renewable energy portfolio, including wind and solar power projects [10]. - The company plans to continue investing in power generation and supply businesses in Hong Kong, mainland China, India, and Australia, as well as in power projects in Southeast Asia and Taiwan [106]. Regulatory Environment and Compliance - The new regulatory agreement in Hong Kong is effective until 2033, providing a stable regulatory environment for the company [4]. - The company has signed multiple agreements to acquire transmission assets in India, marking a strategic step to diversify its business in the region [6]. - The company fully complied with the Hong Kong Stock Exchange's corporate governance code as of June 30, 2019, with only one deviation regarding the publication of quarterly results [78]. Operational Efficiency and Innovations - The operational efficiency of the wind and solar power portfolio in India has improved due to operational and technical enhancements [7]. - The company has begun using drones for external inspections of assets, reducing risks associated with manual inspections [7]. - The company is committed to reducing carbon intensity and increasing the proportion of natural gas in power generation [32]. - The company aims to install smart meters for all 2.6 million customers by the end of 2025, with 196,000 smart meters already installed as of June 30, 2019 [36]. Environmental and Community Initiatives - The company is focusing on transitioning to a "new generation utility" with a commitment to carbon reduction and community welfare [4]. - The company has committed to replacing over 1,000 traditional vehicles with electric vehicles by the end of 2030 as part of the EV100 initiative [7]. - The company has provided over 570,000 nutritious hot meals through its "Canteen with a Purpose" initiative since its launch in 2011 [70]. - CLP Holdings has engaged in various community projects in mainland China, including educational support for 450 students across 19 schools in Guangdong, Guangxi, Guizhou, and Yunnan [71]. Challenges and Market Conditions - EnergyAustralia's performance has moderated due to reduced generation from its power plants and intense competition in the retail sector [6]. - The average exchange rate decline of the Australian dollar impacted revenue, despite an increase in wholesale electricity market prices [15]. - EnergyAustralia's operating profit for the first half of 2019 was HKD 824 million, a significant decrease from HKD 2,257 million in the same period of 2018, reflecting operational issues and intense competition in the retail market [49]. - Approximately 173,000 EnergyAustralia customers, representing about 10% of retail customers, were transitioned to new regulated lower electricity prices as part of the government's new safety net retail price initiative [50]. Financial Position and Assets - Fixed assets and investment properties increased to HKD 149,317 million, a rise of HKD 1,372 million (0.9%) from December 31, 2018 [20]. - The company’s total assets included derivative financial instruments with a net asset value of HKD 2,938 million, an increase of 63.3% [20]. - The company’s total assets as of June 30, 2019, included a significant portion of fixed assets and right-of-use assets, indicating a strong asset base for future operations [126][127]. Governance and Management - The total remuneration for key management personnel was HKD 139 million for the six months ended June 30, 2019, up from HKD 115 million in 2018 [149]. - The company’s governance practices are designed to continuously seek improvement and align with evolving standards [77]. - The board confirmed that all directors dedicated sufficient time and attention to company affairs during the reporting period [81].